E2open Parent (NYSE:ETWO) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

E2open Parent (NYSE:ETWO - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01, Zacks reports. The firm had revenue of $152.30 million during the quarter, compared to the consensus estimate of $148.92 million. E2open Parent had a positive return on equity of 5.96% and a negative net margin of 104.26%. During the same period in the prior year, the business posted $0.04 earnings per share.

E2open Parent Stock Performance

NYSE ETWO traded down $0.01 on Friday, hitting $3.25. 2,047,052 shares of the stock traded hands, compared to its average volume of 3,023,875. The business's fifty day moving average is $3.02 and its two-hundred day moving average is $2.60. E2open Parent has a 12 month low of $1.75 and a 12 month high of $4.82. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -1.58 and a beta of 1.26. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.14 and a current ratio of 1.14.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wall Street Zen raised E2open Parent from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. UBS Group decreased their price target on E2open Parent from $3.00 to $2.50 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Morgan Stanley increased their price target on E2open Parent from $2.10 to $3.30 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Finally, The Goldman Sachs Group decreased their price target on E2open Parent from $2.60 to $2.30 and set a "sell" rating for the company in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $2.78.

Insiders Place Their Bets

In other E2open Parent news, major shareholder Neuberger Berman Group Llc sold 30,607,831 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $3.21, for a total transaction of $98,251,137.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.63% of the company's stock.

Hedge Funds Weigh In On E2open Parent

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in E2open Parent during the first quarter valued at $525,000. Empowered Funds LLC grew its holdings in E2open Parent by 5.6% during the first quarter. Empowered Funds LLC now owns 1,130,653 shares of the company's stock valued at $2,261,000 after purchasing an additional 60,237 shares during the period. Millennium Management LLC grew its holdings in E2open Parent by 285.8% during the first quarter. Millennium Management LLC now owns 1,856,005 shares of the company's stock valued at $3,712,000 after purchasing an additional 1,374,985 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of E2open Parent by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 122,258 shares of the company's stock worth $245,000 after acquiring an additional 5,205 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of E2open Parent by 88.1% in the first quarter. AQR Capital Management LLC now owns 42,673 shares of the company's stock valued at $85,000 after purchasing an additional 19,991 shares in the last quarter.

About E2open Parent

E2open Parent Holdings, Inc provides cloud-based and end-to-end supply chain management and orchestration SaaS platform in the Americas, Europe, and the Asia Pacific. Its SaaS platform includes various key strategic and operational areas, including omni-channel, demand sensing, supply planning, global trade management, transportation and logistics and manufacturing and supply management.